(Boursier.com) — Maurel & Prom climbed 1.3% on 5 euros this Friday, while the group which had already published its annual turnover of $682 million, up slightly, revealed this morning a gross operating surplus (EBITDA ) standing at $359 million, down 19% compared to the previous year ($443 million). Depreciation charges amount to $106 million in 2023 compared to $85 million in 2022. The Group recorded $15 million in exploration expenses for the year, including $8 million in Colombia for the end of the exploration campaign. drilling on the COR-15 permit in early 2023 and $5 million as part of the cessation of activities in Namibia. Current operating income amounts to $193 million, after taking into account a charge of $46 million linked to various growth operations.
Net financial expenses appearing in the income statement amounted to $20 million, down compared to 2022 ($23 million) despite the increase in interest rates. Income tax amounts to $131 million in 2023.
M&P’s share of profit from equity-accounted companies is $200 million, including $27 million for the 20.46% stake held in Seplat Energy, and $174 million for the 40% stake in Petroregional del Lake in Venezuela. This last share of profit includes $126 million in current profit corresponding to the result for the 2023 financial year, as well as $47 million in exceptional profit linked to reversals of provisions for the 2018-2022 period.
Consolidated net income for the 2023 financial year amounts to $242 million, up 18% compared to 2022 ($206 million). Current net income (excluding exceptional items) was $255 million, up 21%. Net income as a Group share amounts to $210 million. Portzamparc is still a buyer on the file, targeting a price of 6.80 euros.
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